Fort Lauderdale shopping center trades for $14M

South Florida Residential of Pinecrest sold the 1451-1535 North Federal Highway center in a transaction recorded on Wednesday, according to Broward County records. The Simon Karam-managed company acquired the 33,469-square-foot building through foreclosure in February 2011. Plaza Del Mar was constructed in 1982.

Rorida LLC of Miami is the buyer. The company did not obtain financing for the acquisition. Attorney Mark Fried is identified in state corporate records as the manager of Rorida.